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image Interest Rates FCNR(B)/RFC

UNION BANK OF INDIA
REVISION IN RATES OF INTEREST ON
FCNR (B) AND RFC DEPOSITS
FCNR (B) Deposits:
The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 01.01.2022 are given below:

PERIOD

USD< 300,000

USD >= 300,000

GBP

EUR

 

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

1 YR<2YRS

0.87

1.08

0.87

1.08

1.07

1.28

0.01

0.01

2YRS<3YRS

1.21

1.45

1.31

1.55

1.46

1.63

0.01

0.04

3YRS<4YRS

1.53

1.53

1.63

1.63

1.59

1.75

0.06

0.19

4YRS<5YRS

1.63

1.59

1.73

1.69

1.61

1.76

0.14

0.29

5YRSONLY

1.67

1.62

1.77

1.72

1.58

1.72

0.18

0.34

FCNR (B) Deposits:
 

PERIOD

JPY

CAD

AUD

 

Existing

Revised

Existing

Revised

Existing

Revised

1 YR<2YRS

0.05

0.09

0.51

0.49

0.32

0.50

2YRS<3YRS

0.11

0.13

1.53

1.60

0.92

0.98

3YRS<4YRS

0.12

0.13

1.78

1.82

1.33

1.36

4YRS<5YRS

0.13

0.14

1.89

1.88

1.56

1.59

5YRSONLY

0.14

0.15

1.97

1.94

1.66

1.69

RFC Deposits::
 

PERIOD

USD < 300000

USD>= 300000

GBP

EUR

JPY

CAD

AUD

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

TERM DEPOSITS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6 MONTHS to <1 YR

0.87

1.08

0.87

1.08

1.07

1.28

0.01

0.01

0.05

0.09

0.51

0.49

0.32

0.50

1 YR to <2 YRS

0.87

1.08

0.87

1.08

1.07

1.28

0.01

0.01

0.05

0.09

0.51

0.49

0.32

0.50

2 YRS to <3 YRS

1.21

1.45

1.31

1.55

1.46

1.63

0.01

0.04

0.11

0.13

1.53

1.60

0.92

0.98

3 YRS

1.53

1.53

1.63

1.63

1.59

1.75

0.06

0.19

0.12

0.13

1.78

1.82

1.33

1.36

Notes:
1. Interest rate for term deposits upto 3yrs are in line with FCNR (B) Term Deposits.
2. Staff RFC interest rates will be paid with addition of 0.25% on above mentioned rates.